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Flash Summary
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E-Malt.com Flash 32a
August 03 - August 05, 2015
Quote of the Week
Beer does not make itself properly by itself. It takes an element of mystery and of things that no one can understand.
Fritz Maytag
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Currency Rates
Base Currency: Euro
on August 05, 2015 |
Base Currency: US Dollar
on August 05, 2015 |
| |
1 EUR = 1.0973 USD
1 EUR = 0.7028 GBP
1 EUR = 1.4408 CAD
1 EUR = 1.4831 AUD
1 EUR = 136.0700 JPY
1 EUR = 3.7718 BRL
1 EUR = 68.9961 RUB
1 EUR = 6.8143 CNY
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1 USD = 0.9133 EUR
1 USD = 0.6412 GBP
1 USD = 1.3148 CAD
1 USD = 1.3593 AUD
1 USD = 124.0300 JPY
1 USD = 3.4528 BRL
1 USD = 62.9596 RUB
1 USD = 6.1996 CNY
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Currency Rates Chart
Equities of the Largest Breweries
Average Market Prices Change Trend
| August 05, 2015 |
| Type |
Crop 2015 |
| EUR |
% |
| 2rs Barley |
193.00-195.00 |  0.51% |
| 6rw Barley |
171.00-173.00 | 1.71% |
| 2rs Malt |
387.00-389.00 | 0.32% |
| 6rw Malt |
359.50-361.50 | 1.01% |
| Feed Barley |
165.00-167.00 | 1.19% |
Note: Just click
here
and you will be led to our Market Price History. These are average French barley market prices estimated on FOB Creil basis. The theoretical average malt prices are based FOB Antwerp being estimated on French malting barley. The changes are compared to last Newsletter's prices. Arrows indicate the direction of the change.
Australia: Malteurop looking to expand its malting plant in the state of Victoria
...Click here
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Brazil: Grupo Petrópolis to build its first malting plant in Brazil
...Click here
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World: Heineken’s first-half net profit up 88% from the same period last year
...Click here
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China: Beer industry worried by declining demand, blames it on cool weather
...Click here
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Germany: Beer sales down 2.1% in January-June this year
...Click here
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Vietnam: Vietnam’s beer market seen as very attractive by global giants
...Click here
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Australia: Leading glass manufacturer describes Australian beer industry as ‘sluggish’, warns sales recovery may not be possible until next year
...Click here
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USA & Canada: US and Canada’s barley acreage to increase this year
...Click here
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USA: Yakima Valley’s hop crop expected to increase despite drought
...Click here
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Russia: Share of beer in total H1 alcohol sales up to 40.9%
...Click here
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Venezuela: Beer will not dry up completely as previously feared – at least temporarily
...Click here
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USA & Africa: US funds investing in African breweries
...Click here
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Ukraine: Soufflet Ukraine may get EUR55 mln credit from EBRD
...Click here
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Singapore & Myanmar: Myanmar Breweries two stakeholders preparing to face off in court
...Click here
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South Sudan: SABMiller may be forced to halt operations in South Sudan
...Click here
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India: Viiking Ventures acquires Goa-based King Beer brand
...Click here
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USA: Red Stripe beer accused of misleading consumers about where it is brewed
...Click here
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Graph of the week
Table of the week
The 40 Largest Breweries Worldwide in 2014
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
03 August
1887 - Thomas Alva Edison receives a U.S. Patent for his new kinetoscope, the predecessor to the motion-picture camera
1977 - Tandy Corp. introduces one of the earliest affordable personal computers, the TRS-80 (soon to be affectionately nicknamed the "Trash 80"). It has 4 (yes, four) kilobytes of memory, a black-and-white monitor, and uses floppy disks that truly flop when you shake them. It retails for just $599
1984 - Total trading volume on the New York Stock Exchange exceeds 200 million for the first time, as 236,565,110 shares change hands
04 August
1693 - Dom Perignon invents champagne
1790 - Congress enacts Alexander Hamilton's plan to fund the public debt and giving birth to the American securities markets
1930 - Michael J. Cullen opens his first King Kullen store. He calls it a "supermarket," one of the nation's first - and it is a smash hit, as people drive from miles around for the new shopping experience
2007 - NASA's Phoenix spaceship is launched
05 August
1914 - 1st traffic light installed (Euclid Ave & E 105th St, Cleveland)
1926 - 1st talkie movie "Don Juan" at Warner Theatre, NY
1930 - Birth of Neil Armstrong , X-15 pilot, 1st Moonwalker (Gemini 8, Apollo 11)
1991 - Soichiro Hondo CEO & founder (Honda), dies of liver cancer at 84
Agenda
August 2015:
07-09: 19th International Berlin Beer Festival (Berlin, Germany)
11-15: The Great British Beer Festival 2015 (London, UK)
September 2015:
06: Craft Bier Festival 2015 (Rapperswil, Switzerland)
06-08: Belgian Brewing Conference 2015 (Leuven, Belgium)
19 September - 14 October: Oktoberfest 2015 (Munich, Germany)
24-26: Great American Beer Festival 2015 (Denver, USA)
24-26: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
October 2015:
01-03: Stockholm Beer & Whisky Festival 2015 (Stockholm, Sweden)
06-08: Beviale Moscow 2015 (Moscow, Russia)
17-19: BrouwPlus 2015 (Antwerp, Belgium)
November 2015:
10-12: Brau Beviale 2015 (Nuremberg, Germany)
19-22: Mondial de la Biere - Rio 2015 (Rio de Janeiro, Brazil)
More events are available on site e-malt.com
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Malt News
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Australia: Malteurop looking to expand its malting plant in the state of Victoria
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To respond to the dynamic growth of the Asia-Pacific markets, Malteurop is studying the possibility of extending its malt production capacities in the region,
...More info on site
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Brazil: Grupo Petrópolis to build its first malting plant in Brazil
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Grupo Petrópolis, Brazil’s second-largest beer maker and the only 100% Brazilian-owned company in the country, has confirmed the choice of the town of Araucária,
...More info on site
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Ukraine: Soufflet Ukraine may get EUR55 mln credit from EBRD
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The European Bank for Reconstruction and Development (EBRD) is looking into the possibility of providing Soufflet Ukraine with a EUR55 mln credit for expanding
...More info on site
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Brewery News
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World: Heineken’s first-half net profit up 88% from the same period last year
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Heineken NV, the world’s third-largest brewer by sales, on August 3 reported a rise in profit and revenue as the Dutch beer maker benefited
...More info on site
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China: Beer industry worried by declining demand, blames it on cool weather
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Tang Xiaotao's stock of beer in his fridge has not gone down by much this summer, thanks to frequent rain that has been keeping
...More info on site
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Germany: Beer sales down 2.1% in January-June this year
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Germany‘s breweries sold less beer in the first half of 2015 compared to the same period last year, the Federal Statistics Office announced on
...More info on site
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Vietnam: Vietnam’s beer market seen as very attractive by global giants
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Vietnam’s beer market has long been attractive in the eyes of global giants in the industry, with many finding a great deal of success,
...More info on site
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Australia: Leading glass manufacturer describes Australian beer industry as ‘sluggish’, warns sales recovery may not be possible until next year
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One of the world’s biggest glass manufacturers and a leading supplier of beer and wine bottles in Australia, Owens-Illinois, has warned local brewers may
...More info on site
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Russia: Share of beer in total H1 alcohol sales up to 40.9%
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In the first six months of 2015, Russia’s total alcohol beverages sales amounted to 5.11 mln hl, Rosstat reported on July 31.
For the first time since statistics are being registered, share of vodka in the total amount dropped below 40% to 39.3%. Beer’s share increased from 40.1% to 40.9%, whereas that of wine grew from 9.5% to 9.9%.
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USA & Africa: US funds investing in African breweries
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Lagos and Dar es Salaam are the new brewery hot spots, according to U.S. mutual fund managers as they tap Africa's emerging beer companies
...More info on site
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Venezuela: Beer will not dry up completely as previously feared – at least temporarily
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Venezuelan beer lovers got some relief last week when the brewers’ association announced that national beer companies have come up with enough dollars to
...More info on site
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Singapore & Myanmar: Myanmar Breweries two stakeholders preparing to face off in court
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A long-drawn battle over Myanmar Breweries (MBL) is coming to a head, with both stakeholders preparing to face off in court, The Straits Times reported on August 1.
Myanma Economic Holdings (MEHL) asked the Singapore High Court on July 29 to force the sale of a 55 per cent stake in the brewer held by Fraser and Neave (F&N) to be completed by Aug 20.
MEHL has also filed an application for an interim injunction requiring F&N, its joint venture partner in the firm, to sell its stake for 500 billion kyat (S$540 million).
F&N is refusing to budge from its earlier position that any sale of the stake should be completed at the estimated fair value of US$560 million (S$770 million).
It insisted that the sum was determined by the jointly appointed independent valuer.
"It is our position that by choosing to refuse to complete the sale at US$560 million, MEHL has... breached its obligations," F&N said on July 31 in a filing to the Singapore Exchange (SGX).
The exchange rate to be used for the deal has been a sore point between the joint venture partners.
While F&N says the 2013 US dollar/Myanmar kyat exchange rate must be used, MEHL has demanded that the deal
...More info on site
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South Sudan: SABMiller may be forced to halt operations in South Sudan
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SABMiller Plc may be forced to halt operations in South Sudan unless it’s able to access foreign currency and fuel needed to run the business, Bloomberg reported on August 1.
“If we don’t get access to raw materials and the lack of hard currency continues, we may do so, but we are saying not now or in the near future,” George Nisbet, finance director at Southern Sudan Beverages Ltd., of SSBL, said by phone Saturday from the capital, Juba.
Fighting between government and rebel forces that erupted in South Sudan in December 2013 has left tens of thousands of people dead and more than 2 million displaced, according to the United Nations. President Salva Kiir and rebel leader Riek Machar have failed to reach an agreement on ending the conflict despite months of negotiations.
SABMiller, the world’s second-biggest brewer, built the first brewery in South Sudan. The manufacturing began producing brands including White Bull and Nile Special in 2009. Africa accounts for about 31 percent of total revenue, according to data compiled by Bloomberg.
SSBL is scaling back operations and sending some staff on leave as it tries to deal with the shortages, Managing Director Carlos Gomez told reporters during a tour of the
...More info on site
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India: Viiking Ventures acquires Goa-based King Beer brand
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Viiking Ventures, part of actor-producer Sachiin Joshi's JMJ Group, has acquired Goa-based beer brand Kings Beer from Impala Distillery and Brewery for Rs 90 crore, a top company executive was quoted as saying by The Economic Times on August 4.
"While the brand had domination in Goa, it was selling for itself due to various distribution and marketing issues. So, we decided to acquire the 22-year old boutique brand and make it a mass scale brand," said Sachiin Joshi, chairman at Viiking Ventures, adding that the brand will be owned by the company while its production will still be done by Impala. Post the acquisition, the brand has also been launched in Mumbai.
Viiking already has its own vodka brand and is also working on launching a wine and scotch brand. "We are creating our own brand and will get it produced by the existing manufacturing outlets in the market rather than manufacturing it ourselves," Joshi said.
He added that he is also looking to acquire a vineyard in France or Italy with an investment of $20-40 million.
Founded in 2012, Viiking Ventures has presence in sectors like FMCG, hospitality, entertainment, realty, infrastructure, paper products and philanthropic activities.
Last year, the group
...More info on site
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Ethiopia: Habesha Beer starts distribution
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Habesha Beer started distribution on July 11, 2015, 20 days after commencing production, with a limited market in Debre Birhan, Addis Abeba and Adama, AllAfrica reported on August 3.
In terms of share capital distribution, Habesha Beer has 8,800 shareholders including idirs, equbs, and Ethiopians in the Diaspora, with shares of 4,000 Br to 5,000,000 Br, Yonas Alemu, Habesha's commercial director disclosed. Bavaria NV holds a 40pc share in the company, but, Yonas refused to tell the financial value of that share. Bavaria, established in late 17th century, is the second-largest brewery in the Netherlands.
Habesha was planning an initial production capacity of 300,000 hl (hectolitres), which it later increased to 650,000 hl when Bavaria joined. The company is located in Debre Birhan town, 120 km north of Addis Abeba, where it started construction in September 2013 on a 7.5 ha plot of land.
In a Fortune report dated December 14, 2014, Ethiopia's total beer production capacity stands at 7.1 million hectolitres annually. BGI Ethiopia's capacity stands at 2.7 million hectolitres from its three factories at Addis Abeba, Hawassa and Kombolcha. Heineken S.C., which owns Walia, Harar, and Bedele breweries, has a capacity of 2.5 million hectolitres. Diageo, owner of Meta Abo Brewery,
...More info on site
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USA: Red Stripe beer accused of misleading consumers about where it is brewed
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Red Stripe is the latest beer to face the wrath of US consumers who say they're being duped, Fox News reported on August 4.
Two people have filed a suit in federal court in San Diego against liquor giant Diageo, makers of the beer, alleging that the company wilfully misleads customers into thinking Red Stripe beer is brewed in Jamaica.
The suit alleges that Diageo uses deceptive phrasing like calling the brew a “Jamaican Style Lager” and that the brown bottle says it contains the “taste of Jamaica.” The suit alleges that the shorter, squat packaging is misleading because it so closely mirrors that of typical Jamaican beer bottles.
In 2012, Diageo moved production of Red Stripe bound for the U.S. from Kingston, Jamaica to Latrobe, Penn. Current packaging states that the product is "Brewed & Bottled by Red Stripe Beer Company, Latrobe, PA."
Robbins Arroyo, the San Diego law firm representing the plaintiffs, claim that the label's white text stating that is “obscure” and “not easily noticed by consumers.”
The suit also accuses Diageo of selling Red Stripe at prices substantially higher than most domestic beers, even though it is brewed in the U.S. and uses only domestic ingredients.
This latest complaint comes after Anheuser-Busch
...More info on site
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Barley News
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USA & Canada: US and Canada’s barley acreage to increase this year
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The end of June acreage forecast for the USA is 3.41 mln acres, 14.7% more than last year. Crops are looking good, particularly in
...More info on site
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Hops News
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USA: Yakima Valley’s hop crop expected to increase despite drought
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Yakima Valley’s hop growers are expecting a larger crop in 2015 despite drought, Kimatv.com reported on July 31.
Fertile soil, a desert like climate and
...More info on site
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